Are medical expenses tax deductible? Generally yes, under 2 conditions

If you were burdened by sizable medical bills or health expenses during 2020, there may be some financial relief available to you come tax season.

Some medical expenses are tax deductible, under two general conditions:
  • Your qualifying medical expenses for the year exceed 7.5% of your adjusted gross income (AGI), which is your gross income less any above-the-line deductions, AND
  • You itemize your deductions instead of taking the standard deduction.
If you file jointly with your spouse and/or claim dependents, typically everyone's medical expenses can be combined.

Tax deductions reduce your taxable income and lower your overall tax liability. While items like student loan interest and IRAcontributions can be deducted from your gross income without itemization, medical and dental expenses require that you itemize your deductions on Form 1040, Schedule A.

As far as what qualifies as medical? The IRS says "payments for the diagnosis, cure, mitigation, treatment, or prevention of disease, or payments for treatments affecting any structure or function of the body."

Here's a list of some common qualifying medical expenses (for an exhaustive list, see the IRS website):

Help FAIRtax Become The Number One Issue in 2021

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.
To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.

Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!